Cheap Homes for Rent in Drake University Neighborhood of Des Moines, IA from $700 (7 Rentals)

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Search the lowest-cost Homes available for rent right now in the Drake University area of Des Moines.

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property at 2118 23rd St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

1 Bedroom, 1 Bath Home for Rent

Available Now

2118 23rd St

Des MoinesIA50310

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Drake University, Des Moines, IA Local Guide

Cheapest Available Drake University Apartments for Rent

 

The cheapest available apartment rental in the Drake University area of Des Moines, IA is a Studio unit found at Village Green priced from $600. The Brady Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here are the most affordable Drake University apartments for rent in Des Moines, IA:

Apartment ListingModel NameBed/BathPriced From
Village GreenStudioStudio,1BA$600
The Brady Apartments0BR/1.0BAStudio,1BA$695
The DrakeB31BR,1BA$695

Best Value Apartments for Rent in Drake University, IA

As of March 01, 2026 the best value apartment in the Drake University area is the $1.10 price per square foot B2 Model at Matilda 235 Townhomes in the in the Downtown Des Moines neighborhood starting from $2,350. The second greatest value Drake University apartment is the Model A Model at The Elmhurst starting at $1,300 with a $1.00 price per square foot in the Downtown Des Moines neighborhood. Here is today’s list of the best values for Drake University apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Matilda 235 TownhomesB22BR,2.5BA$1.10
The ElmhurstModel A2BR,2BA$1.00
1171 21st St1171 21st St2BR,1BA$1.12
1215 23rd St, Unit 1215 23RD apt #31215 23rd St2BR,1BA$0.80
Woodland Avenue Brickstone2x1 8502BR,1BA$1.19
1604 16th St, Unit Apt 21604 16th St2BR,1BA$0.92
Skyloft Apartments2BR/1.0BA2BR,1BA$1.08
The Grove at Hickman2x12BR,1BA$1.10
722 18th St1x11BR,1BA$1.21
MLK Brickstone ApartmentsOne Bedroom1BR,1BA$1.12

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Pet Friendly Lifestyle
Drake University, Des Moines, IA

Ranked #74

Among cities in Iowa for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Drake University

What type of rentals are currently available in Drake University?

There are currently 281 Apartments for Rent in Drake University, IA with pricing that ranges from $500 to $3,121. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Drake University ranging from $750 to $2,300.

What is the current price range for Rental Homes in Drake University?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Drake University ranges from $750 to $2,300 with an average monthly rent of $1,667.

How much are larger Three and Four Bedroom Rentals in Drake University?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Drake University range from $1,100 to $1,625, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $1,950. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $965.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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A Local Expert's Guide To the Top Budget-Friendly Neighborhoods to Rent in Des Moines, Iowa

Written by: Joseph Isenberg

I'm Joe, the ApartmentHomeLiving.com Local Expert for Des Moines and Central Iowa. My parents moved to Central Iowa in 1967, and my family has been here ever since.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.